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This push probably won't work because it's a push by politicians. They've managed to create conditions that are not suitable for the organic growth of the semi-
by Aerroon 6y ago
This push probably won't work because it's a push by politicians. They've managed to create conditions that are not suitable for the organic growth of the semi-conductor industry in Europe. Now they're slowly realizing that it's a problem, but it's a bit too late. You can't force an industry to appear and expect it to be competitive on a global scale. People are still going to be buying devices with chips manufactured in Asia.
They will probably have a similar realization about software in a decade or two.
- norwegianwhale 6y agoWhy on earth a productive company would move to Europe, where your revenues are automatically slashed by 50% in taxes, and you are constantly exposed to whimsical unfettered politicians.. They could start here. Why Facebook, Google, Amazon don't open massive headquarters in Paris, Madrid, Rome or Berlin, and they rather stick to UK and Switzerland? Also software managers won't move to Europe for the same reasons. European politicians have the upper hand and the last word in negotiations.
- sjogress 6y agoI dont' think the difference between EU and US taxes on revenue are all that different. If you compare Panama, or other tax havens where multinational companies like to stash their revenue, to the EU then you probably have a point.
- Apocryphon 6y agoDo all European countries really have such a high tax rate or is it just a few places like France?